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PSA Singapore to run Gwadar Port

The government has decided to give the management control of the Gwadar deep-sea port to the Singapore port operator PSA International, Federal Ports and Shipping Minister Babar Ghauri said on Friday.

Ghauri told reporters that Prime Minister Shaukat Aziz had approved awarding the contract to PSA and the company would take charge of the port by the third week of January. He added that a committee had been formed to finalise the details of the agreement.